ECONOMY


SOFAZ among top five most transparent sovereign wealth funds

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Baku, November 3, AZERTAC

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has ranked fourth among 60 sovereign wealth funds with overall score of 92 out of 100 in the 4th edition of the Sovereign Wealth Fund Transparency and Accountability scoreboard published in October 2016.

Following the sovereign wealth funds made it to the top five in the Scoreboard: Norway Government Pension Fund (1st place), New Zealand Superannuation Fund (2nd place), Permanent Wyoming Mineral Trust Fund, United States (3rd place), SOFAZ (4th place) and Alberta Heritage Savings Trust Fund, Canada (5th place).

Peterson Institute for International Economics was established in 1981 and is a private, nonprofit research institution specialized in the study of international economic policy.

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